Hercules Capital, Inc. (New York Stock Exchange:HTGC)

About the company

Hercules Capital, Inc. is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies. The firm provides growth capital financing solutions for capital extension; management buy-out and corporate spin-out financing solutions; company, asset specific, or intellectual property acquisition financing; convertible, subordinated and/or mezzanine loans; domestic and international corporate expansion; vendor financing; revenue acceleration by sales and marketing development, and manufacturing expansion. It provides asset-based financing with a focus on cash flow; accounts receivable facilities; equipment loans or leases; equipment acquisition; facilities build-out and/or expansion; working capital revolving lines of credit; inventory. The firm also provides bridge financing to IPO or mergers and acquisitions or technology acquisition; dividend recapitalizations and other sources of investor liquidity; cash flow financing to protect against share price volatility; competitor acquisition; pre-IPO financing for extra cash on the balance sheet; public company financing to continue asset growth and production capacity; short-term bridge financing; and strategic and intellectual property acquisition financings. It also focuses on customized financing solutions, emerging growth, mid venture, and late venture financing. The firm invests primarily in structured debt with warrants and, to a lesser extent, in senior debt and equity investments. The firm generally seeks to invest in companies that have been operating for at least six to 12 months prior to the date of their investment. It prefers to invest in technology, energy technology, sustainable and renewable technology, and life sciences. Within technology the firm focuses on advanced specialty materials and chemicals; communication and networking, consumer and business products; consumer products and services, digital media and consumer internet; electronics and computer hardware; enterprise software and services; gaming; healthcare services; information services; business services; media, content and information; mobile; resource management; security software; semiconductors; semiconductors and hardware; and software sector. Within energy technology, it invests in agriculture; clean technology; energy and renewable technology, fuels and power technology; geothermal; smart grid and energy efficiency and monitoring technologies; solar; and wind. Within life sciences, the firm invests in biopharmaceuticals; biotechnology tools; diagnostics; drug discovery, development and delivery; medical devices and equipment; surgical devices; therapeutics; pharma services; and specialty pharmaceuticals. It also invests in educational services. The firm invests primarily in United States based companies and considers investment in the West Coast, Mid-Atlantic regions, Southeast and Midwest; particularly in the areas of software, biotech and information services. It invests generally between $1 million to $40 million in companies focused primarily on business services, communications, electronics, hardware, and healthcare services. The firm invests primarily in private companies but also have investments in public companies. For equity investments, the firm seeks to represent a controlling interest in its portfolio companies which may exceed 25% of the voting securities of such companies. The firm seeks to invest a limited portion of its assets in equipment-based loans to early-stage prospective portfolio companies. These loans are generally for amounts up to $3 million but may be up to $15 million for certain energy technology venture investments. The firm allows certain debt investments have the right to convert a portion of the debt investment into equity. It also co-invests with other private equity firms. The firm seeks to exit its investments through initial public offering, a private sale of equity interest to a third party, a merger or an acquisition of the company or a purchase of the equity position by the company or one of its stockholders. The firm has structured debt with warrants which typically have maturities of between two and seven years with an average of three years; senior debt with an investment horizon of less than three years; equipment loans with an investment horizon ranging from three to four years; and equity related securities with an investment horizon ranging from three to seven years. The firm prefers to invest through its balance sheet capital.The company was founded by Manuel A. Henriquez in December 2003 and is headquartered in Palo Alto, CA.

Sector

Finance

Industry

Investment Managers

Employees

77

CEO

Scott Bluestein

Exchange

New York Stock Exchange

Website

http://www.htgc.com

$170.00M

Total Revenue

77

Employees

$1B

Market Capitalization

12.96

Price/Earning ratio

Stock price

Gross Margin (in %)

Total gross margin

$M

Operating Margin (in %)

Total operating margin

$M

Net Margin (in %)

Total net margin

$83M

Dividend Yield (in %)

Dividend per share

$1.28

Industry peers

Name Ticker Market capitalization (in USD Million) Revenues (in USD Million) Price/Book Price/Earning Net margin (in %)
BlackRock, Inc. BLK 88128.81 14903.00 2.58 20.81 28.38
The Blackstone Group, Inc. BX 36862.28 1863.00 6.89 73.69 26.94
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IHS Markit Ltd. INFO 31650.75 4340.00 3.83 39.47 18.43
T. Rowe Price Group, Inc. TROW 31430.28 5753.00 4.67 16.47 33.20
KKR & Co., Inc. KKR 19605.60 2032.00 3.35 -875.25 -0.89
Principal Financial Group, Inc. PFG 11908.40 17030.00 0.90 9.51 7.36
Apollo Global Management, Inc. APO 10902.65 785.00 5071.00 -35.46 -45.43
Franklin Resources, Inc. BEN 10317.72 5680.00 1.04 10.65 17.10
SEI Investments Co. SEIC 8853.46 1664.00 4.91 17.80 29.85
Morningstar, Inc. MORN 6644.57 1244.00 6.40 46.83 11.47
Ares Capital Corp. ARCC 6167.48 160.00 0.92 -240.17 -41.88
The Carlyle Group, Inc. CG 5247.19 1387.00 5.42 -241.58 -29.10
Invesco Ltd. IVZ 4973.15 6501.00 0.53 10.72 7.21
Owl Rock Capital Corp. ORCC 4887.50 -11.00 0.87 50.00 109.03
Ares Management Corp. ARES 4847.06 1302.00 8.77 107.38 3.36
Legg Mason, Inc. LM 4333.47 2922.00 1.17 17.85 8.33
HealthEquity, Inc. HQY 4294.08 635.00 4.15 -1209.60 -0.05
Eaton Vance Corp. EV 4157.58 1723.00 3.27 10.70 22.48
Affiliated Managers Group, Inc. AMG 3646.50 2204.00 1.16 18.94 9.12
Cohen & Steers, Inc. (New York) CNS 3357.97 422.00 16.76 27.09 29.03
AllianceBernstein Holding LP AB 2778.08 284.00 1.85 10.89 89.71
Macquarie Infrastructure Corp. MIC 2722.76 1661.00 1.01 28.02 5.84
Federated Hermes, Inc. FHI 2226.15 1379.00 2.22 8.26 19.69
Main Street Capital Corp. MAIN 1973.12 -54.00 1.50 -24.28 74.80
Prospect Capital Corp. PSEC 1817.92 -109.00 0.62 -12.67 81.12
FS KKR Capital Corp. FSK 1815.04 -530.00 0.58 -3.17 90.11
Focus Financial Partners, Inc. FOCS 1735.24 1295.00 4.95 175.81 0.81
Victory Capital Holdings, Inc. VCTR 1401.56 729.00 2.21 10.35 18.53
Golub Capital BDC, Inc. GBDC 1264.20 -228.00 1.03 -5.65 93.55
Fortress Transportation & Infrastructure Investors LLC FTAI 1184.22 577.00 0.92 5.24 39.32
Waddell & Reed Financial, Inc. WDR 1105.47 1075.00 1.33 10.59 9.76
Sixth Street Specialty Lending, Inc. TSLX 1100.81 89.00 1.06 17.29 70.83
Hercules Capital, Inc. HTGC 1088.85 170.00 1.08 12.96 48.78
BrightSphere Investment Group, Inc. BSIG 1065.68 794.00 14.08 5.29 25.64
Virtus Investment Partners, Inc. VRTS 1018.72 576.00 1.49 14.89 11.00
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Associated Capital Group, Inc. AC 868.34 31.00 1.08 -15.48 -184.99
Solar Capital Ltd. SLRC 669.90 -36.00 0.83 -15.19 86.85
Sculptor Capital Management, Inc. SCU 644.64 553.00 -2.76 -8.84 -2.52
Apollo Investment Corp. AINV 643.96 80.00 0.52 10.29 79.07
Goldman Sachs BDC, Inc. GSBD 623.60 -23.00 1.06 -21.07 83.51
Oaktree Specialty Lending Corp. OCSL 618.99 -105.00 0.82 -5.23 99.24
WisdomTree Investments, Inc. WETF 568.48 267.00 1.73 -19.68 -11.12
TCG BDC, Inc. CGBD 464.92 -85.00 0.56 -4.72 87.38
Pzena Investment Management, Inc. PZN 399.00 148.00 16.94 18.10 3.62
Barings BDC, Inc. BBDC 381.50 -81.00 0.82 -4.26 88.96
Diamond Hill Investment Group, Inc. DHIL 365.64 136.00 2.07 10.50 29.09
Crescent Capital BDC, Inc. CCAP 343.28 -61.00 0.74 -6.39 122.09
GAMCO Investors, Inc. GBL 343.17 308.00 5.39 4.71 23.82
PennantPark Floating Rate Capital Ltd. PFLT 328.77 98.00 0.70 843.00 0.78
Gladstone Investment Corp. GAIN 320.76 15.00 1.01 -44.18 -48.66
SuRo Capital Corp. SSSS 281.38 -6.00 1.21 -12.92 67.56
Ares Commercial Real Estate Corp. ACRE 252.00 84.00 0.60 19.09 13.28
TriplePoint Venture Growth BDC Corp. TPVG 240.24 25.00 0.72 14.00 63.43
Capital Southwest Corp. CSWC 236.16 0.00 0.87 -10.58 67.64
Great Ajax Corp. AJX 234.90 47.00 0.60 6.96 59.07
Manning & Napier, Inc. MN 219.18 132.00 0.28 40.14 1.37
WhiteHorse Finance, Inc. WHF 217.56 7.00 0.75 69.07 43.58
Gladstone Capital Corp. GLAD 215.10 -1.00 1.03 -18.38 59.41
BlackRock Capital Investment Corp. BKCC 213.28 -85.00 0.47 -2.03 103.41
Fidus Investment Corp. FDUS 211.68 18.00 0.57 21.00 55.81
PennantPark Investment Corp. PNNT 205.02 -17.00 0.40 -7.65 55.00
Solar Senior Capital Ltd. SUNS 197.12 -6.00 0.84 -30.80 98.08
Saratoga Investment Corp. SAR 184.66 33.00 0.67 5.65 76.73
Stellus Capital Investment Corp. SCM 148.77 -22.00 0.68 -5.48 83.43
Oxford Square Capital Corp. OXSQ 136.32 -121.00 0.86 -1.10 88.26
Monroe Capital Corp. MRCC 125.80 -20.00 0.63 -5.11 81.47
CorEnergy Infrastructure Trust, Inc. CORR 118.56 85.00 0.70 -0.73 -200.52
Alcentra Capital Corp. ABDC 115.70 14.00 0.81 16.79 48.69
MVC Capital, Inc. MVC 113.40 -30.00 0.60 -3.42 87.76
Silvercrest Asset Management Group, Inc. SAMG 112.77 108.00 2.58 9.15 11.55
First Western Financial, Inc. MYFW 109.92 66.00 0.85 14.16 11.75
THL Credit, Inc. TCRD 88.97 -85.00 0.65 -0.95 63.16
Greenpro Capital Corp. GRNQ 80.85 5.00 29.40 -147.00 -21.42
Medallion Financial Corp. MFIN 70.08 93.00 0.29 -4.29 -17.88
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OFS Capital Corp. OFS 55.38 -22.00 0.44 -2.15 67.68
180 Degree Capital Corp. TURN 52.39 19.00 0.55 4.02 69.54
Capitala Finance Corp. CPTA 47.36 -64.00 0.47 -0.68 81.11
Portman Ridge Finance Corp. PTMN 44.80 -23.00 0.41 -1.62 25.91
Great Elm Capital Corp. GECC 39.60 -46.00 0.78 -0.82 -412.28
U.S. Global Investors, Inc. GROW 36.30 5.00 2.37 -6.21 -124.05
Ashford, Inc. AINC 29.28 362.00 -0.17 -0.10 -58.82
Altisource Asset Management Corp. AAMC 29.02 16.00 -0.11 -4.08 -36.22
Equus Total Return, Inc. EQS 16.38 -4.00 0.41 -1.98 36.81
Rand Capital Corp. RAND 10.62 0.00 0.51 -3.47 -929.89

Latest insider transactions

Date Role Name Transaction Quantity Quantity Owned After

Hercules Capital Inc.

13d ago, source: MarketWatch

12/10/2016 1,297 Derivative/Non-derivative trans. at $13.67 per share. 17,730 12/04/2016 800 Derivative/Non-derivative trans. at $13.55 per share. 10,840 09/10/2016 1,297 Derivative/Non-derivative ...

Hercules Capital Inc. 6.25% Notes due 2033

5d ago, source: MarketWatch

01/10/2017 11,680 Derivative/Non-derivative trans. at $14.21 per share. 165,973 12/10/2016 1,297 Derivative/Non-derivative trans. at $13.67 per share. 17,730 12/04/2016 800 Derivative/Non ...

Hedge Funds Have Never Been This Bullish On Hercules Capital Inc (HTGC)

18d ago, source: YAHOO!

In this article we will take a look at whether hedge funds think Hercules Capital Inc (NYSE:HTGC) is a good investment right ...

Best Stocks for 2020: Hercules Capital Stock Returned 41.5% in Q2 and Is Still Cheap

13d ago, source: Nasdaq

This column is part of InvestorPlace.com’s Best Stocks for 2020 contest. Neil George’s pick for the contest is Hercules ...

Hercules Technology Growth Capital IncShs Buy

27d ago, source: Business Insider

2020 Insider Inc. and finanzen.net GmbH All rights ... Made In NYC | Stock quotes by finanzen.net Summary: Hercules Technology Growth Capital IncShs Buy Analyst Opinions for Hercules Technology ...

Looking Up column: See where we are headed in the night sky

5d ago, source: The Topeka Capital-Journal

Where are we headed? There are a lot of ways to look at that. How about the constellation Hercules? We’re on the ride of our lifetimes, whether you fully know it or not. All 7.8 billion people ...

Tips From a Chef Who Was Into Sourdough Before It Was Cool

6d ago, source: Wall Street Journal

PERHAPS MORE than any living person, the Ukrainian-British journalist-turned-chef Olia Hercules has laid to rest the tired myth that Soviet cooking is all cabbage and mayonnaise. In her latest ...



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